Valassis Communications (VCI) Plans Quarterly Dividend of $0.31

Valassis Communications (NYSE:VCI) declared a quarterly dividend on Thursday, June 6th, StockRatingsNetwork.com reports. Stockholders of record on Friday, June 28th will be given a dividend of $0.31 per share on Monday, July 15th. This represents a $1.24 dividend on an annualized basis and a yield of 4.80%.

Several analysts have also recently commented on the stock. Analysts at Benchmark Co. reiterated a “hold” rating on shares of Valassis Communications in a research note to investors on Thursday. They now have a $27.00 price target on the stock, down previously from $30.00. On the ratings front, analysts at TheStreet downgraded shares of Valassis Communications from a “buy” rating to a “hold” rating in a research note to investors on Monday, April 29th. Finally, analysts at BMO Capital Markets cut their price target on shares of Valassis Communications from $32.00 to $31.00 in a research note to investors on Friday, April 26th. They now have an “outperform” rating on the stock.

Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Valassis Communications has an average rating of “Hold” and an average target price of $30.68.

Valassis Communications (NYSE: VCI) opened at 25.82 on Friday. Valassis Communications has a 52-week low of $19.10 and a 52-week high of $31.34. The stock’s 50-day moving average is currently $25.7. The company has a market cap of $1.002 billion and a price-to-earnings ratio of 9.24.

Valassis Communications (NYSE: VCI) last issued its quarterly earnings data on Thursday, April 25th. The company reported $0.54 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.69 by $0.15. The company had revenue of $482.52 million for the quarter, compared to the consensus estimate of $489.90 million. During the same quarter last year, the company posted $0.60 earnings per share. Valassis Communications’s revenue was down 7.0% compared to the same quarter last year. Valassis Communications has set its FY13 guidance at $3.05-3.20 EPS. Analysts expect that Valassis Communications will post $3.15 EPS for the current fiscal year.